Egypt: Wind and solar developers welcome tariff increases
Issue 306
- 08 Aug 2015
| 2 minute read
The Ministry of Electricity’s late July announcement that, in the fiscal year which began on 1 July, prices for mid-to-high household usage will go up by an average of 19% has been welcomed by developers hoping to move forward with wind and solar projects under the Feed-in Tariff (FiT) programme. But while developers are continuing to form consortia and to obtain the various permits needed before they can start operations, no one has started to generate power under the scheme, while questions over the convertibility of the Egyptian pound remain unanswered.
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